Simple Technology Inc

Dense-Pac Microsystems Inc. of Garden Grove said it filed a countersuit against Simple Technology Inc., furthering the dispute between the two Orange County companies over technology that boosts the memory capacity of a computer system. The countersuit, filed in district court in Santa Ana, accuses Simple Technology of infringing on Dense-Pac's 1990 patent for "stacking" three-dimensional memory products to allow more memory to be crammed into a smaller space.

The Santa Ana maker of data storage and memory products reported first-quarter net income of $4 million, or 19 cents a share, down 18% from $5 million a year ago before the company went public. Revenue increased 2% to $58.7 million. Simple Technology launched its initial public stock offering last September.

Simple Technology Inc. said it agreed to pay $1.81 million to a unit of Global Technologies Ltd. and other parties to settle lawsuits alleging breach of contract and warranty. In September 1998, Global's unit said it bought defective hard drives from Simple Technology, a Santa Ana manufacturer of computer memory and storage products. Simple, which had reserved $1.9 million related to the litigation, said it will record a $90,000 gain in the fourth quarter as a result of the settlement.

Simple Technology Inc. said it agreed to pay $1.81 million to a unit of Global Technologies Ltd. and other parties to settle lawsuits alleging breach of contract and warranty. In September 1998, Global's unit said it bought defective hard drives from Simple Technology, a Santa Ana manufacturer of computer memory and storage products. Simple, which had reserved $1.9 million related to the litigation, said it will record a $90,000 gain in the fourth quarter as a result of the settlement.

A dispute between two Orange County companies over technology that increases the memory capacity of computer systems has spilled over to the courts, with Santa Ana-based Simple Technology Inc. filing a lawsuit accusing Dense-Pac Microsystems Inc. of Garden Grove of patent infringement. The suit, filed Wednesday in U.S.

The Santa Ana manufacturer of computer memory and storage products reported pro forma net income of $4.3 million, or 13 cents a share, for the third quarter, unchanged from the same period last year. Revenue rose 60% to a record $84.7 million. Simple Technology completed its initial public offering late last month.

Simple Technology Inc. said it is establishing a European subsidiary in East Kilbride, Scotland, to accommodate increasing demand for computer memory upgrades and PC card products. The facility will include manufacturing and sales offices. The manufacturing facility is scheduled to open in August, the company said. Simple Technology, founded in 1990, makes more than 1,400 memory products for computers and printers.

Simple Technology Inc., a Santa Ana maker of products that boost the memory capacity of computer systems, hopes to raise up to $57.5 million in its first public offering of stock, according to a document filed with regulators. The company did not disclose in its registration statement filed with the Securities and Exchange Commission how many shares it would sell or when the offering would be made.

Simple Technology Inc., a fast-growing Santa Ana manufacturer of computer memory products, said Wednesday it acquired Kelly Micro Systems, a smaller rival in Irvine. Terms of the acquisition were not released. Privately held Simple Technology, founded in 1990, said it had sales of about $100 million last year. Kelly Micro, formerly a subsidiary of Arizona-based MicroAge Inc.

Masoud and Manoush Moshayedi's brother kept telling his two older siblings that they should get into the computer business because that's where the future was. It took a couple years of nagging by Mark Moshayedi, a UC Irvine-trained electronics engineer, but his brothers finally listened. In 1990, with $100,000 of savings, they started a little computer memory products company, Simple Technology Inc., in Santa Ana. It was not a bad move. This month the company made its debut on Inc.

Shares of Simple Technology Inc. fell 12% Friday, the stock's first day of public trading after the Santa Ana maker of computer memory chips raised $70 million in its initial public offering. The stock price fell $1.31 a share to $9.69 in Nasdaq trading. The company sold nearly 6.4 million shares to underwriters at $11 a share late Thursday, while existing shareholders kept about 30.6 million shares, or 83% of the stock.

Simple Technology Inc., a Santa Ana maker of products that boost the memory capacity of computer systems, hopes to raise up to $57.5 million in its first public offering of stock, according to a document filed with regulators. The company did not disclose in its registration statement filed with the Securities and Exchange Commission how many shares it would sell or when the offering would be made.

Simple Technology Inc., a Santa Ana maker of products that boost the memory capacity of computer systems, hopes to raise up to $57.5 million in its first public offering of stock, according to a document filed Wednesday with regulators. The company did not disclose in its registration statement filed with the Securities and Exchange Commission how many shares it would sell or when the offering would be made.

Dense-Pac Microsystems Inc. of Garden Grove said it filed a countersuit against Simple Technology Inc., furthering the dispute between the two Orange County companies over technology that boosts the memory capacity of a computer system. The countersuit, filed in district court in Santa Ana, accuses Simple Technology of infringing on Dense-Pac's 1990 patent for "stacking" three-dimensional memory products to allow more memory to be crammed into a smaller space.

A dispute between two Orange County companies over technology that increases the memory capacity of computer systems has spilled over to the courts, with Santa Ana-based Simple Technology Inc. filing a lawsuit accusing Dense-Pac Microsystems Inc. of Garden Grove of patent infringement. The suit, filed Wednesday in U.S.

Computer product maker Simple Technology Inc., which was founded by three brothers in 1990 and quickly became a success, said Friday it plans to sell a chunk of its business to NewCom Inc., a Westlake Village company that makes computer peripherals, such as modems and sound boards. NewCom will buy the Santa Ana-based company's so-called aftermarket business, which focuses on products designed to be added by PC users after they purchase the machines.